BOILERWORKS A/S

CVR 35226788 · Public limited company (A/S) · Active · Very high risk

BOILERWORKS A/S is a Public limited company (A/S), founded on , based in Herning. The company is registered in the industry fremstilling af radiatorer, damp- og fyringskedler til centralvarmeanlæg. Our model estimates a bankruptcy risk of 7.2% over the next 12 months, which is 5.1 times the average for Danish companies. 13 annual reports have been published. The latest annual report (31 Mar 2026) shows equity of DKK -5.6m and a net result of DKK -341k. CEO: Peter Overgaard.

Bankruptcy risk for BOILERWORKS A/S

7.2%
probability of bankruptcy within 12 months
Very high risk

5.1 × the average (1.41%) · higher risk than 95% of active Danish companies

Lowest riskHighest risk

Increases the risk

Equity ratio< -50% · bankruptcy rate 19.3%2.2×
Negative equityYes · bankruptcy rate 17.5%2.0×
Equity vs. share capital< 0× · bankruptcy rate 17.3%2.0×
Return on assets< -20% · bankruptcy rate 16.7%1.9×
Going-concern uncertaintyYes · bankruptcy rate 16.3%1.9×
Loss for the yearYes · bankruptcy rate 10.3%1.2×

Reduces the risk

Auditor's statementAndet · bankruptcy rate 0.0%0.00×
Published annual reports10+ · bankruptcy rate 3.0%0.35×
Time since new CEO5+ yrs · bankruptcy rate 3.8%0.43×
Age (years)10–20 yrs · bankruptcy rate 3.9%0.45×
Company typeA/S · bankruptcy rate 4.4%0.50×
Number of auditors (historical)2 · bankruptcy rate 4.6%0.52×
Auditor registered in CVRYes · bankruptcy rate 4.8%0.55×
Audit opted outNo · bankruptcy rate 4.8%0.55×

The factors show how often companies with the same characteristic went bankrupt compared with the average (“lift”). The risk is a statistical estimate from a model trained on 141,000+ Danish bankruptcies (AUC 0.93) – not a credit rating. Read about the method.

Company details

CVR number
35226788
Status
Active
Company type
Public limited company (A/S)
Founded
(13 years)
Address
Industrivej Nord 13
7400 Herning
Municipality
Herning
Industry
Fremstilling af radiatorer, damp- og fyringskedler til centralvarmeanlæg (252100)
Bankruptcies in the industry: Maskinforarbejdning
Share capital
DKK 500k
Employees
77 (2018)
Auditor
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB
Audit opted out
No

Warning signs

Annual reports filed late0 of 13
Missing annual reportNo
Negative equityYes
Equity ratio-6,071.0%
Current ratio2%
Moves (last 2 years)0
CEO changes in total2
CEO's previous bankruptcies0
Other companies at the address5
Going-concern uncertaintyYes

Financials and key figures

Financial year202620252024
Gross profitDKK 0DKK 1,000DKK -168k
Net profitDKK -341kDKK -322kDKK -465k
EquityDKK -5.6mDKK -5.3mDKK -5.0m
Total assetsDKK 93kDKK 2.8mDKK 3.4m
CashDKK 17kDKK 39k–
Short-term debtDKK 5.7mDKK 8.1m–
Avg. employees00–

Latest annual report: Reporting class B · auditor's statement: Independent Auditor’s Report · PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab.

Filed annual reports

Reporting periodPublishedDays after period end
1 Apr 2025 – 31 Mar 2026178
1 Apr 2024 – 31 Mar 2025106
1 Apr 2023 – 31 Mar 202495
1 Apr 2022 – 31 Mar 2023103
1 Apr 2021 – 31 Mar 202283
1 Apr 2020 – 31 Mar 202162
1 Apr 2019 – 31 Mar 202093
1 Apr 2018 – 31 Mar 2019131
1 Apr 2017 – 31 Mar 201858
1 Apr 2016 – 31 Mar 201762
1 Apr 2015 – 31 Mar 201669
1 Apr 2014 – 31 Mar 201562
12 Apr 2013 – 31 Mar 201467

The annual report must reach the Danish Business Authority no later than 5 months after the end of the financial year. We mark reports published more than 6 months after as “late”.

Management, owners and auditor

RoleNameFromTo
CEOPeter OvergaardCurrent
CEOJan Enemark
BoardPeter OvergaardCurrent
BoardMahesh Channakeshaviah BukinkereCurrent
BoardSwapnil Vitthal DhumaneCurrent
BoardJan Enemark
BoardKalimili Chakravarthy
BoardHemant Prabhakar Mohgaonkar
BoardAmitabha Mukhopadhyay
BoardRajendran Arunachalam
BoardRakesh Rampratap Tripathi
BoardBill Jayesh Shukla
Owner (100%)THERMAX DENMARK ApSCurrent
Owner (100%)DANSTOKER A/S
AuditorPRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKABCurrent
AuditorEY Godkendt Revisionspartnerselskab
FounderDANSTOKER A/SCurrent

The CEOs' other companies

Peter Overgaard – 3 other companies

Jan Enemark – 8 other companies, of which 1 bankrupt

Address history (3 moves)

Industrivej Nord 13, 7400 Herning
Industrivej Nord 13, 7400 Herning
Nordager 19, 6000 Kolding
Papegøjevej 7, 6270 Tønder

Employees per year

Number of employees at BOILERWORKS A/S per year43862013: 8620132014: 6720142015: 7120152016: 7520162017: 7020172018: 772018

Other companies at the same address

Questions and answers about BOILERWORKS A/S

Has BOILERWORKS A/S gone bankrupt?

No, BOILERWORKS A/S is not registered as bankrupt in the CVR register. Its status is: active.

What is the bankruptcy risk of BOILERWORKS A/S?

Our model estimates a bankruptcy risk of 7.2% over the next 12 months (very high risk), which is 5.1 times the average for Danish companies.

Who is the CEO of BOILERWORKS A/S?

Peter Overgaard is the CEO of BOILERWORKS A/S.

Who is the auditor of BOILERWORKS A/S?

BOILERWORKS A/S most recently used PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB.

When was BOILERWORKS A/S founded?

BOILERWORKS A/S was founded on 12 April 2013.

What is the equity of BOILERWORKS A/S?

Equity was DKK -5.6m according to the annual report for the period ending 31 March 2026.

Source: the CVR register and annual reports published by the Danish Business Authority. The information is updated continuously.